World Events and the Bible

A site dedicated to World Events and Study of the Bible.

Tag: Taxation (page 1 of 4)

Feds Collect Record Individual Income Taxes Through March; Still Run $599.7B Deficit

WEB Notes: Now hold on here folks, I need to think about this one…. The government gives me and you a tax cut…. Yeah, I have that right…. Now, we all pay a new record amount in taxes…. Something does not compute.

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Top 20% of Americans Will Pay 87% of Income Tax

One of the least discussed parts of America’s income tax is how progressive it is, and the tax overhaul didn’t change that fact. In 2018, top earners will pay a higher share of income taxes.

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China Imposing New Tariffs On U.S. Products In Retaliation Of Trump Tariffs

China says it’s rolling out new tariffs on U.S. meat, fruit and other products as retaliation against taxes approved by President Trump on imported steel and aluminum.

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Federal Reserve Raises Rates As It Weighs Tighter Money Over The Next Few Years

WEB Notes: Raising rates is going to make everything cost a bit more. A new loan for a home means you pay a higher interest rate, which means your monthly payment goes up, which means you can now afford less house for your dollar. Which means the seller will lose more money. Just one small example.

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State and Local Income, Sales and Property Taxes All Hit Records in 2017

WEB Notes: And they are still broke. Maybe, just maybe the problem is not how much taxes we pay… Maybe it is how much money the government spends, (insert sarcasm)!

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Californians Fed Up With Housing Costs And Taxes Are Fleeing State

WEB Notes: They are whitewashing this story. Take it from someone who currently lives in California. People are not leaving the state because the cost of living is high. It has always been high…

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U.S. Expected To Impose Up To $60 Billion In China Tariffs By Friday

WEB Notes: This is going to cause a trade war. You cannot go implement policy with a gun to someone’s head. There have been no negotiations attempted prior to these tariffs. This is a horrible way to go about it and could have serious consequences for the average American.

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The GOP’s Internet Tax

WEB Notes: As they were passing the latest tax cut we said this would happen. Why? It is common sense. You cannot spend records amount of money and slash your income and expect to balance the books.

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Trump Says He’ll Exempt Mexico, Canada From Tariffs If ‘New & Fair NAFTA Agreement is Signed’

WEB Notes: His whole tariff idea looks like a power play at the moment. Time will tell.

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Amazon Made $5.6 Billion in Profits Last Year and Reportedly Paid Zero American Dollars in Federal Taxes

WEB Notes: This will make you cringe.

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Trump Urges GOP To Consider A 25-Cent Hike In The Gas Tax

WEB Notes: The government giveth a tax break. The government taketh away.

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Feds Collect Record Taxes in First Month Under Tax Cut; Run Surplus in January

WEB Notes: This is a puff piece. The government just doubled spending and supposedly gave you a tax break. Look, if I double my spending, but I get paid less that means I go under. We will continue to watch these numbers. By the way, did anyone actually get a tax break? One worth mentioning?

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